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Oil gains as Iranian crude exports fall

Oil prices have risen about one per cent on growing evidence of falling Iranian crude exports before the imposition of new US sanctions, as well as a partial production shutdown in the Gulf of Mexico because of Hurricane Michael.

Gold flat as strong $US offsets selloff

Gold remained steady as pressure from the US dollar's strength and a bullish rate outlook was balanced by falling stock markets.

Bechtel for Pluto train 2

Woodside Petroleum has picked Texas-based Bechtel as the most likely contractor to build a new LNG train at its Pluto facility near Karratha, but has hit a hurdle in approvals for an associated fly-in fly-out camp.

Property buyers levy coming in 2019

The McGowan government will introduce its levy on foreign buyers of residential property after the WA Greens and One Nation parties supported the plan.

Perron, Fini win philanthropy awards

Stan Perron and Michela Fini won individual awards at the second annual State Arts and Culture Partnership Honours announced last night.

Another tough day for Australian markets

Australian stocks have put in another weak performance as healthcare and other global sectors caused the ASX to lag, hovering just above 6000 percentage points at the close for the second day.

UWA trading room wins big

The University of Western Australia’s new trading room has been named as the education project of the year at the annual AV Awards in London, beating out entries from the University of California and the Qatar National Library.

BCI confirms multiple interest

BCI Minerals has confirmed it is in discussions with multiple parties over the sale of its Pilbara iron ore assets, including three current producers and one aspiring port developer.

Govt to sell TAB, tax WA betting

The state government has announced it will proceed with the sale of gaming agency TAB and introduce a new 15 per cent consumption tax on all betting in Western Australia.

WA judge to lead royal commission

West Australian Supreme Court judge Joseph McGrath and former Australian Public Service commissioner Lynelle Briggs have been appointed to lead the federal government's aged care royal commission, which is expected to take 18 months.

Entrepreneurs to dispatch coding shortage

Effective coders and developers are in such high demand in Perth that one local entrepreneur has inverted the conventional hiring process.

Migration powers to be used in plan: PM

Prime Minister Scott Morrison says the government can use its migration powers to force people towards regional areas instead of Sydney and Melbourne.

Cape wins Metronet contract

CFC Group subsidiary Cape has secured a power infrastructure contract with Western Power as part of the state government’s Metronet project.

Regional restaurants beat Perth in Food Guide

Regional restaurants have received the top accolades in Western Australia, as the national Good Food Guide released its 2019 edition.

Kin plans $10m raising

Gold-focused Kin Mining has announced plans to raise up to $10.4 million via an entitlement offer, while also revealing it has received interest for potential acquisition deals.

Hancock secures 90% of Atlas

Gina Rinehart’s Hancock Prospecting plans to focus on how to integrate Atlas Iron’s operations into its existing business after acquiring more than a 90 per cent shareholding in the struggling iron ore miner.

Tech Scene- Fooduction

Fooduction is an online marketplace app where users can buy takeaway food items from nearby local restaurants and other establishments (with a licensed home kitchen).

From Ken Court to Li Ping, Oakajee saga ongoing

Plans announced last month by a private Chinese group to revive the multi-billion dollar Oakajee port project add a new twist to a 45-year saga.

ASX takes an opening hit, extending losses

A global sell-off has pushed Australian shares lower again at the open, with healthcare and energy shares dragging on the market, and the banks and miners flat.

Morning Headlines

ATO targets legal privilege

Wall St lower as tech stocks, oil weigh

US stock indexes were lower on Monday, pressured by a drop in technology and energy companies and muted appetite for equities after last week's spike in Treasury yields following healthy economic data.

Oil recovers after sharp overnight drop

Oil prices almost fully recovered from a sharp drop overnight, paring losses as investors bet China's economic stimulus moves would lift crude demand in the world's number two economy.

Gold dips as buyers seek refuge in dollar

Gold fell to its lowest level in a week overnight as investors sought safety in the US dollar on concerns about a selloff in global stocks worsened by worries over economic growth in China.

Markets close on worst day since March

Australian shares have suffered their worst one-day performance since March as the Aussie dollar recovered slightly from a weak opening.

Brokers’ best business in mining services

Tighter lending conditions likely after the banking royal commission will be a hurdle for business brokers who are seeing a slow improvement in their market.

Bannister Downs opens $20m facility

Sue and Mat Daubney’s Bannister Downs Dairy officially opened its $20 million-plus robotic milking operation and tourism centre at the weekend, with the pair cutting a special ribbon with major investor Gina Rinehart.

Quantify to raise $4m

Perth-based Quantify Technology Holdings has announced a $4 million capital raising to progress the commercialisation of the company’s flagship device.

Gascoyne flags board changes

Ian Murray has been appointed non-executive chairman of gold producer Gascoyne Resources, two months after announcing his retirement from Gold Road Resources.

Mining, energy take IPO reins

SPECIAL REPORT: A significant uptick in the number of resources stock floats in WA mirrors a national trend driven by improved investor sentiment and rising commodity prices.

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